EDF and Abu Dhabi's Masdar Sign MoU to Collaborate in Subordinated-Saharan Africa
16 Gennaio 2018 - 7:14PM
Dow Jones News
By Marc Bisbal Arias
Electricite de France SA (EDF.FR) said Tuesday that Abu Dhabi
Future Energy Company, or Masdar, has signed a memorandum of
understanding to discuss collaborating with EDF in the
power-generation sectors of countries in sub-Saharan Africa.
Masdar provides energy access to communities away from the
electricity grid, EDF said, adding that the partnership will
explore development opportunities in sub-Saharan Africa.
Cooperation between EDF and Masdar started in 2017, the French
company said. The agreement was supplemented by a memorandum of
understanding in November.
Through this agreement, both companies intend to expand their
portfolio in the continent while promoting local socioeconomic
development, as access to electricity is limited in sub-Saharan
Africa, EDF said.
"[The] cooperation with Masdar will enhance the development of
essential energy projects for sub-Saharan Africa, combining
electrification and low-carbon growth," said Valerie Levkov, senior
vice president of Africa and Middle East at EDF.
Write to Marc Bisbal Arias at marc.bisbalarias@dowjones.com
(END) Dow Jones Newswires
January 16, 2018 12:59 ET (17:59 GMT)
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